Community Bank System (NYSE:CBU) Raised to Hold at StockNews.com

Community Bank System (NYSE:CBU) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Separately, Keefe, Bruyette & Woods boosted their target price on Community Bank System from $74.00 to $76.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 22nd.

Community Bank System Trading Up 1.1 %

NYSE:CBU opened at $55.19 on Wednesday. Community Bank System has a 12-month low of $42.16 and a 12-month high of $73.39. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42. The stock’s 50 day simple moving average is $56.29 and its 200-day simple moving average is $61.79. The firm has a market cap of $2.92 billion, a P/E ratio of 16.04 and a beta of 0.74.

Community Bank System (NYSE:CBU) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Community Bank System had a net margin of 19.40% and a return on equity of 10.94%. The company had revenue of $196.20 million during the quarter, compared to the consensus estimate of $197.13 million. During the same quarter in the prior year, the firm earned $1.18 EPS. Community Bank System’s quarterly revenue was up 10.7% on a year-over-year basis. Equities analysts anticipate that Community Bank System will post 4.18 EPS for the current year.

Institutional Trading of Community Bank System

A number of institutional investors have recently added to or reduced their stakes in CBU. Barclays PLC lifted its position in shares of Community Bank System by 99.0% during the 3rd quarter. Barclays PLC now owns 109,647 shares of the bank’s stock valued at $6,367,000 after acquiring an additional 54,554 shares during the period. Tidal Investments LLC increased its stake in Community Bank System by 48.4% in the 3rd quarter. Tidal Investments LLC now owns 30,866 shares of the bank’s stock valued at $1,792,000 after purchasing an additional 10,060 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Community Bank System by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 112,377 shares of the bank’s stock worth $6,526,000 after purchasing an additional 1,587 shares during the last quarter. Versant Capital Management Inc boosted its position in Community Bank System by 99.2% during the fourth quarter. Versant Capital Management Inc now owns 478 shares of the bank’s stock worth $29,000 after purchasing an additional 238 shares in the last quarter. Finally, Fulton Bank N.A. grew its holdings in Community Bank System by 17.7% in the fourth quarter. Fulton Bank N.A. now owns 9,506 shares of the bank’s stock valued at $586,000 after purchasing an additional 1,428 shares during the last quarter. Hedge funds and other institutional investors own 73.79% of the company’s stock.

About Community Bank System

Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, institutional, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.